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Sep 29, 2012
09/12
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fairly simple message -- true tax reform has the effect of lowering tax rates for everybody, but all these special interest groups losing their precious loopholes and deductions. i am on the general public's side, against all these interest groups in washington. if he proposes that, that is a true thing and actually work. i don't think he is going to do it. >> not to rob the obama people of credit for their advertising campaign, but let me remind you, these wounds are self-inflicted. "you want to bet $10,000, rick perry?" "ann drives a couple of cadillac's." "car elevator in our home at." "i like to fire people." these were not drafted by the obama campaign. these were voluntarily offered by mitt romney, the candidate -- >> and he has taken responsibility for that. >> the reason he has not laid that out is that there are a bunch of studies that disputed, people say, you take away mortgage deductions, and suddenly people are up in arms. >> not necessarily true. people to a certain amount can only deduct up to 2% of income -- >> now you are into the weeds, though. >> it is not the weed
fairly simple message -- true tax reform has the effect of lowering tax rates for everybody, but all these special interest groups losing their precious loopholes and deductions. i am on the general public's side, against all these interest groups in washington. if he proposes that, that is a true thing and actually work. i don't think he is going to do it. >> not to rob the obama people of credit for their advertising campaign, but let me remind you, these wounds are self-inflicted....
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Oct 1, 2012
10/12
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true tax reform has the effect of lowering tax rates for everybody, but all these special interest groups, precious loopholes and deductions -- i am on the general public's side, i am against the interest groups in washington. if he proposes that, that is a true thing and that could work in the end. >> not to rob the obama people of credit for their advertising campaign, but let me remind you, these wounds have been self- inflicted. you want to get $10,000, rick perry? ann drives a couple of cadillacs. we're building a car elevator in our home. i like to fire people these were all voluntarily offered by mitt romney. >> and he has taken responsibility for that. >> the reason he does not lay out what you say is, among other things, there are studies that disputed, and people will say, you are going to take away mortgage tax deductions? suddenly everybody is up in arms. >> not necessarily true. you can say that anybody over a certain amount can only deduct up to 2% of income -- >> now you are into the weeds. >> it is not the week, it is the facts. >> that's get into the weeds. >> are you mak
true tax reform has the effect of lowering tax rates for everybody, but all these special interest groups, precious loopholes and deductions -- i am on the general public's side, i am against the interest groups in washington. if he proposes that, that is a true thing and that could work in the end. >> not to rob the obama people of credit for their advertising campaign, but let me remind you, these wounds have been self- inflicted. you want to get $10,000, rick perry? ann drives a couple...
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melissa: taxes on everybody. looking on the screen. every single tax bracket there. >> i know. aside from income tax he also proposing rolling back the dividend income tax, carried interest deduction. capital gains. all these things that predominantly wealthier americans benefit from. so you end up having to saddle, and so when you, when mitt romney talks about closing loopholes we need which loopholes those are. president's one good zinger, mitt romney you're talk about all these different things. when will you give us deductions you will close. what loopholes? are they too good you're keeping them secret because they're too good for us to hear. melissa: i'm glad you found something you liked about the debate. thanks for coming on. we appreciate it. >> thanks, melissa, i appreciate it. melissa: hear is the question of the day, what was your favorite moment from last night's debate. facebook.com/melissafrancisfox. follow me on twitter at melissaafrancis. gas stations in the los angeles area are shutting down over supply shortages. will the pumps near you be next? >> u.s. sancti
melissa: taxes on everybody. looking on the screen. every single tax bracket there. >> i know. aside from income tax he also proposing rolling back the dividend income tax, carried interest deduction. capital gains. all these things that predominantly wealthier americans benefit from. so you end up having to saddle, and so when you, when mitt romney talks about closing loopholes we need which loopholes those are. president's one good zinger, mitt romney you're talk about all these...
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Oct 4, 2012
10/12
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there are going to be tax cuts because mitt romney proposes to cut 20% off everybody's taxes across the board. >> not 5 trillion. >> but it adds up to 4.9 the ten years that the number the president was citing. that assumes no revenue coming from anywhere else. mitt romney says that is not the right assumption. if i cut taxes across the board and more money into piedmont acre pockets and spend more and have a lower tax rate and have more jobs and more own. >> stimulate the economy. >> and more money will come in. >> that is where the disagreement was. >> mitt romney does have some plans for cutting loopholes and some of these -- >> right. . he says we cut taxes and close loopholes and it becomes revenue neutral and president cited another studying saying you have to raise taxes on the middle class. that is why this becomes so hard to fact check one of these because they are both sort of saying things that are kind of true. >> let's switch to jobs. this doesn't have to do with the debate necessarily last night but it's critical. we have the big monthly jobs report tomorrow and we have so
there are going to be tax cuts because mitt romney proposes to cut 20% off everybody's taxes across the board. >> not 5 trillion. >> but it adds up to 4.9 the ten years that the number the president was citing. that assumes no revenue coming from anywhere else. mitt romney says that is not the right assumption. if i cut taxes across the board and more money into piedmont acre pockets and spend more and have a lower tax rate and have more jobs and more own. >> stimulate the...
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Sep 28, 2012
09/12
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calling for 7 a% tax on the super rich. aruba, sweden and denmark and netherlands have the highest tax rates between 50 and 60%. u.s. caps income tax rates currently at much lower 35%. critics say france's proposed hikes will back fire by putter hurting businesses. police in canada busted three men, including one current and one former police officer for smuggling cheese and other foods across the border cost more in canada than the lower 48. suspects bought $200,000 of the stuff buffalo, new york. drove some 22 miles into canada without declaring it to customs. sold it to canadian restaurants and made more than $165,000 in profit. off cheese. one day after israel's prime minister netanyahu drew a red line. he spoke about the iranian nuclear threat. we will have details from both phone calls. word of another football bounty scandal. but not in the nfl this time. peewee wait until you hear this. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a bac
calling for 7 a% tax on the super rich. aruba, sweden and denmark and netherlands have the highest tax rates between 50 and 60%. u.s. caps income tax rates currently at much lower 35%. critics say france's proposed hikes will back fire by putter hurting businesses. police in canada busted three men, including one current and one former police officer for smuggling cheese and other foods across the border cost more in canada than the lower 48. suspects bought $200,000 of the stuff buffalo, new...
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Oct 4, 2012
10/12
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the challenger, it was the budget and taxes. president obama spent the third most time talking about budget and taxes, about a minute less than governor romney. romney's number three issue was health care. big differences when you drill down. take a look at energy, president obama spent 19 secti9 seconds on energy. governor romney, 1:43 seconds. when asked a question about education, he pivoted to energy. 2:17. president obama devoted 4:15, almost twice as much. watching this very closely. anderson, back to you. >> john king locklooking closer at the flash poll numbers. you have numbers on the economy. >> they asked the question, who would better handle the economy? let me scroll down. clear in the poll, the overall verdict to governor romney who won the debate. who better to handle the economy, obama 43, romney 55. the defining question of the election. >> compared to where it was before? >> we have to be careful this is registered voters who watched the debate. in our most recent national poll, they were tied on that question.
the challenger, it was the budget and taxes. president obama spent the third most time talking about budget and taxes, about a minute less than governor romney. romney's number three issue was health care. big differences when you drill down. take a look at energy, president obama spent 19 secti9 seconds on energy. governor romney, 1:43 seconds. when asked a question about education, he pivoted to energy. 2:17. president obama devoted 4:15, almost twice as much. watching this very closely....
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the vast majority of the taxes collected in fact. we can talk about the tax rate, but it should be noted how close we are getting that rate in the country. that's my two cents have a wonderful evening and terrific weekend. ♪ lou: good evening, everybody. the obama administration tonight is embroiled in a widening controversy with new questions asked of the president and white house of the murder of ambassador christopher stevens and three others. john kerry is rumored to be the president's choice to be hillary clinton's replacement. all 18 members of which, republicans and democrats, have signed a letter acceptability to the administration asking for a full accounting of the benghazi terrorist attacks and the events in yemen and egypt. the white house continues to give every appearance of stone walling, both the congress and the press. almost three weeks have passed since those attacks, and leaked from within the white house, an intelligence community suggests the obama administration has been involved in an outright cover up. ther
the vast majority of the taxes collected in fact. we can talk about the tax rate, but it should be noted how close we are getting that rate in the country. that's my two cents have a wonderful evening and terrific weekend. ♪ lou: good evening, everybody. the obama administration tonight is embroiled in a widening controversy with new questions asked of the president and white house of the murder of ambassador christopher stevens and three others. john kerry is rumored to be the president's...
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by tax expenditures. >> he also said he would not sign any tax deal. >> that's true. that's why you have the upsets that he's talking about. it's not going to be easy. it took three years to do it in the 1986 tax bill. it's not going to be easy here. i have to say, he outlined three ways to deal with trying to reduce the debt. he took one of them off there. you have to deal with two sides here. no taxes to deal with the deficit. is that the right thing? >> keep in mind, he made it very clear that unlike this president, who i have to like as a person. i know him well. unlike president obama, he wants to work with congress. he knows he's not going to get anything done if he doesn't work with congress. >> but he drew a line there. is that a fuzzy line? >> i'm with it on the line. one thing that has to be made very clear is the wealthy will be paying just as much as they're paying now. >> but they shouldn't pay more. >> i thought one of the best lines is that basically we're tired of trickle down government. and he turned the tables on the president. we have the president
by tax expenditures. >> he also said he would not sign any tax deal. >> that's true. that's why you have the upsets that he's talking about. it's not going to be easy. it took three years to do it in the 1986 tax bill. it's not going to be easy here. i have to say, he outlined three ways to deal with trying to reduce the debt. he took one of them off there. you have to deal with two sides here. no taxes to deal with the deficit. is that the right thing? >> keep in mind, he...
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lou: united nations on a mission to become the tax master. considering new global taxes to transfer trillions of dollars. among the tax proposed remember secretary of state clinton is enthusiastic. one% tax on all billionaires' and all financial transactions carbon emissions, airline tickets she suggests she is on board with some of that earlier this week. >> one issue i have been preaching about is collecting taxes in the equitable man o' war -- manner especially around the world from the e.u. the of every country are making money. there are rich people everywhere yet to they3 there are rich people everywhere yet to they do not contribute to the growth of their own country. lou: there are rich people everywhere. she is worth over 100 million. what is she thinking about? and just have to give them our national sovereignty? what an absurd concept. we are ready to contribute 22% of the when budget almost $8 billion to the united nations. our favorite angry liberal on a quest to offend more people. taking shots at almost everyone on the online t
lou: united nations on a mission to become the tax master. considering new global taxes to transfer trillions of dollars. among the tax proposed remember secretary of state clinton is enthusiastic. one% tax on all billionaires' and all financial transactions carbon emissions, airline tickets she suggests she is on board with some of that earlier this week. >> one issue i have been preaching about is collecting taxes in the equitable man o' war -- manner especially around the world from...
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Sep 28, 2012
09/12
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they can tax your patience especially when they tax your wallet. are you ready ? share everything by turning your smartphone into a mobile hotspot for up to 8 wifi-enabled devices at no extra charge. like the new droid razr m by motorola only $99.99. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it could save you thousands in out-of-pocket costs. call now to request your free decision guide. i've been with my doctor for 12 years. now i know i'll be able to stick with him. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral. see why millions of people have already enroll
they can tax your patience especially when they tax your wallet. are you ready ? share everything by turning your smartphone into a mobile hotspot for up to 8 wifi-enabled devices at no extra charge. like the new droid razr m by motorola only $99.99. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of...
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Oct 4, 2012
10/12
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KQED
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and the atm and the tax taxes, reduce dividend and capital gains taxes. that's 6 trillion. what he's saying tonight is he's going to pay for it by closing loopholes or preferences but won't tell you which ones. maybe the chain can capitalize on that as john said earlier, but i think it does beg the question, why couldn't barack obama capitalize on that. >> rose: kathy, you wanted to say something. >> charlie i was wondering halfway through the debate whether the campaign had made a strategic decision, the likability advantage that the president has is so valuable to them that they didn't want to jeopardize that by him attacking mitt romney and coming across as unlikeable or less likeable, because you know it was astonishing that he didn't go after mitt romney. i was just talking to david -- in the room just a couple minutes ago, he made the case far more convincingly, far more aggressively and concisely for what president obama was trying to lay out the next four years than obama himself did up on the stage. i mean there was just time and again mitt romney managed to seize
and the atm and the tax taxes, reduce dividend and capital gains taxes. that's 6 trillion. what he's saying tonight is he's going to pay for it by closing loopholes or preferences but won't tell you which ones. maybe the chain can capitalize on that as john said earlier, but i think it does beg the question, why couldn't barack obama capitalize on that. >> rose: kathy, you wanted to say something. >> charlie i was wondering halfway through the debate whether the campaign had made a...
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Oct 1, 2012
10/12
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and he's just as hapless on taxes. >> raise taxes with obama care but he's got another taxes in mind. >> governor romney doesn't need zingers. he needs to get his story straight. he needs to stop debating himself. and at the end of the day, this election isn't about one liners. just ask our president. >> i know folks in the media are speculating already on who's going to have the best zingers. what i'm most concerned about is having a serious discussion about what we need to do to keep the country growing and restore security for hardworking americans. that's what people are going to be listening for. that's the debate that you deserve. >> that's the debate voters deserve. and on wednesday night, they won't be distracted by any zingers cooked up by romney's team of joke writers. joining me now is michelle cottle, washington correspondent for "newsweek" and the daily beast. and dana milbank, columnist for "the washington post." thanks to you both for coming on tonight. dana, are zingers the answer for mitt romney? >> well, he has to beware the very perilous boomerang zinger. delivering
and he's just as hapless on taxes. >> raise taxes with obama care but he's got another taxes in mind. >> governor romney doesn't need zingers. he needs to get his story straight. he needs to stop debating himself. and at the end of the day, this election isn't about one liners. just ask our president. >> i know folks in the media are speculating already on who's going to have the best zingers. what i'm most concerned about is having a serious discussion about what we need to...
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Oct 1, 2012
10/12
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sales tax are higher today. up by one-half of one percent. new tax rate in hercules 8.75%. all the increases were passed by the voters. a little easier now to find a seat on cal train. more trains are being added to meet demand. also revive four discontinued trains. the agency says rider ship hit a new time high and matt will have a live report on this story coming up at 6:35. >> checking your world now, 14 people are dead from a suicide attack in afghanistan. the taliban is claiming responsibility for the attack on a patrol of afghan and international forces. three americans and translator are among the dead. yesterday, a u.s. soldier and american contractor were killed in inside era tack. 25 of the killings came in car bombings and shootings. in eastern iraq a car bomber killed five policeman. the attacks are as a display of force. >> a new poll shows president obama in the lead now. shows mr. obama with 51% support compared to 44% for mitt romney. the president is now in one of those states right now as he prepares for the first debate. two men will face off in denver on
sales tax are higher today. up by one-half of one percent. new tax rate in hercules 8.75%. all the increases were passed by the voters. a little easier now to find a seat on cal train. more trains are being added to meet demand. also revive four discontinued trains. the agency says rider ship hit a new time high and matt will have a live report on this story coming up at 6:35. >> checking your world now, 14 people are dead from a suicide attack in afghanistan. the taliban is claiming...
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Oct 4, 2012
10/12
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federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax tadd up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates, lower deductions and exemptions, the same idea behin bowles-simpson, get the rate down, lower deductions and exemptions to create more jobs because there's nothing better getting us to a balanced budget than having more people working, earning more money, paying more taxes, that's by far the most effective and efficient way to get this budget balanced. >> jim you may want to move on to another topic but i would like to say this to the american people, if you believe we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for, $7 trillio just to give you a sense over 10 years, that's more than our entire defense budget, a
federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax tadd up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates, lower deductions and exemptions, the same idea behin bowles-simpson, get...
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Oct 4, 2012
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so if the tax plan he described were a tax plan i was asked to support, i'd say absolutely not. i'm not looking for 5i trillion tax cut. i won't put in a place a tax cut that adds to the deficit. i'm not in favor of a $5 trillion tax cut. that's not my plan. >> that's three different moments during this debate when mitt romney noticed the bump in the set for obama. what he's saying there is he's arguing against math. the idea that you can cut faxes 20%, can you tell taxes for everybody and it's deficit neutral and faye for it by closing unspecified loop moles and dealing with deductions. that is the romney position. it's up to bahama to make romney get specific about it to say okay. it's easy to say you deal with the deductions and it's easy to say it's deficit neutral and let's talk about the specific deductions and talk about the home interest deduction and health care deduction and the charitable giving deduction. these are things that people rely on and things that are popular with voters. let's put mitt romney on the spot here and say if you pay for it with deductions, this
so if the tax plan he described were a tax plan i was asked to support, i'd say absolutely not. i'm not looking for 5i trillion tax cut. i won't put in a place a tax cut that adds to the deficit. i'm not in favor of a $5 trillion tax cut. that's not my plan. >> that's three different moments during this debate when mitt romney noticed the bump in the set for obama. what he's saying there is he's arguing against math. the idea that you can cut faxes 20%, can you tell taxes for everybody...
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Sep 27, 2012
09/12
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as he said yesterday, he's not promising a tax cut, he's promising tax reform. the question that people have, the reason reasonable question, let's see details. >> what does mitt romney, what does the republican party define as middle class? if you look at martin feldstein's analysis, a romney guy you have to raise taxes on people making between $100,000 and $200,000 a year which is in certain cities decidedly middle class the definition of middle class is bipartisan issue. president obama defines it anyone making up to $200,000. if you're making 100,000, 150,000, 200,000 you're in the top few percentage points of this country. even in expensive places people making $150,000 have a pretty tenuous claim on being middle class when you look at the numbers. >> thank you to david leonhardt of "the new york times." great to have you onthe program. everybody should be checking out your reporting and making t shirts with those graphs to remind themselves of the realities of tax cuts. >>> after the break, a new gang of six hopes to stop taxmagedon. ally bank. why they're
as he said yesterday, he's not promising a tax cut, he's promising tax reform. the question that people have, the reason reasonable question, let's see details. >> what does mitt romney, what does the republican party define as middle class? if you look at martin feldstein's analysis, a romney guy you have to raise taxes on people making between $100,000 and $200,000 a year which is in certain cities decidedly middle class the definition of middle class is bipartisan issue. president...
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Sep 28, 2012
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tax rates. as stuart was just saying that may cause a fleeing of many people from france. britain and japan also up there. they have 50% top tax rates. the u.s. has a 35% rate for the highest brookket. bill: how about that? good cheese and good bread. martha: a lot to pay for it. bill: by the way, how dark is it outside here? martha: it is pouring rain behind us in new york city. bill: like dark at night. martha: you can stay in here with us too and keep dry. we have a packed show ahead of us here. this question for you this morning, is there a bias in the media against governor romney? we'll show you some very interesting takes on this. voters are now speaking out about it and we've got a a fair and balances debate on it straight ahead. bill: what about policies coming out of washington and the white house? are they working whether the economy or the middle east? what needs to change? mike huckabee is here on that today. martha: how about this? lawmakers now from both sides of the aisle are dem
tax rates. as stuart was just saying that may cause a fleeing of many people from france. britain and japan also up there. they have 50% top tax rates. the u.s. has a 35% rate for the highest brookket. bill: how about that? good cheese and good bread. martha: a lot to pay for it. bill: by the way, how dark is it outside here? martha: it is pouring rain behind us in new york city. bill: like dark at night. martha: you can stay in here with us too and keep dry. we have a packed show ahead of us...
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let's talk about the tax cuts. he signalled over the last couple of days, details about how they would pay for it they didn't put out details, they backed away from it. they are not being honest with the american people. you know what's worse? he got testy about it, being on defense and i think that came across to the american people. >> the president seemed to get testy at one point when he was interrupted by jim lehrer. will the president do more debate prep before the next debate, prepare differently. do you think he didn't take this seriously enough? >> we feel good about the president's performance here tonight. he wasn't speaking to the people in the room, the pundit class, but people at home. i think what people heard tonight was a plan forward, a detailed plan on how we'll rebuild the economy and strengthen the middle class. another guy that got testy, interrupted the moderator. i wondered if we needed a moderator since we had mitt romney. and someone doubling down on the very same policies that crashed the
let's talk about the tax cuts. he signalled over the last couple of days, details about how they would pay for it they didn't put out details, they backed away from it. they are not being honest with the american people. you know what's worse? he got testy about it, being on defense and i think that came across to the american people. >> the president seemed to get testy at one point when he was interrupted by jim lehrer. will the president do more debate prep before the next debate,...
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they can justify raising taxes on the middle class that's been buried the last four years. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states! >> today, heavy hitters are fighting back. senator marco rubio just now in denver. >> the last four years the american middle class has been buried. those aren't my words. those happened to be the words of the distinguished vice president of the united states, mr. joe biden. no, don't boo. he's the best thing we got going, guys. >> and how's this for trail mix? mitt romney got more than he bargained for when he posed at chipotle after ordering a burrito bowl in a photo op that's an internet sensation. good day, andrea mitchell live in denver at the site of tonight's presidential debate, the first time in five years that barack obama and mitt romney are going to be face-to-face in what the local newspaper is headlining as the duel in denver. joining me now for our daily fix, chris cizi
they can justify raising taxes on the middle class that's been buried the last four years. >> vice president biden just today said that the middle class over the last four years has been, quote, buried. we agree. that means we need to stop digging by electing mitt romney the next president of the united states! >> today, heavy hitters are fighting back. senator marco rubio just now in denver. >> the last four years the american middle class has been buried. those aren't my...
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he's going to be on defense on his tax question. i mean, this is a guy who doesn't have very much to work with at this point. so it's hard for me to see, even if he doesn't make a major gaffe, which he does on a weekly basis, even if he doesn't, what ammunition does he have to actually have a good showing? >> i'm told there are examples of elections turning on debates, president bush for example started gaining on al gore when they faced off in 2000. is it usually the case that debates are quite the kind of game-changer that everybody thinks this one has to be for romney to do anything successfully in november? >> no, it's not. the historical data shows that i think we sort of exaggerate the role of debates. i would tip my hat to the washington monthly that has a nice article that goes through some of the political science and polling on this. it says they have a marginal impact. one notable exception was the 2000 debates between bush and gore where it appears gore pllo two or three points after those debates. we remember how close
he's going to be on defense on his tax question. i mean, this is a guy who doesn't have very much to work with at this point. so it's hard for me to see, even if he doesn't make a major gaffe, which he does on a weekly basis, even if he doesn't, what ammunition does he have to actually have a good showing? >> i'm told there are examples of elections turning on debates, president bush for example started gaining on al gore when they faced off in 2000. is it usually the case that debates...
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this is a tax in and of itself. i'll call it the economy tax. it's been crushing. >> earlier in the week, vice president biden had said the middle class has been buried for the past four years. the issue they came closest to agreeing on, social security. the candidates here last night also sparred on other issues, including job creation, deficit reduction and health care. >> the presidential candidates will next square off on october 16th in long island. the second debate will take place on the campus of hofstra university, and it will be in the format of a town hall meeting. that means undecided voters will ask the questions. the candidates will focus on foreign and domestic policy. we've learned that first lady michelle obama will make another trip to virginia next week to campaign for her husband. she will visit loudoun county on tuesday, october 9th. we'll pass along additional details as they become available. the announcement highlights just how important northern virginia is in the race for the white house. tomorrow president obama will b
this is a tax in and of itself. i'll call it the economy tax. it's been crushing. >> earlier in the week, vice president biden had said the middle class has been buried for the past four years. the issue they came closest to agreeing on, social security. the candidates here last night also sparred on other issues, including job creation, deficit reduction and health care. >> the presidential candidates will next square off on october 16th in long island. the second debate will take...
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romney's tax plan. for months he's been telling us that he'll cut everyone's taxes by 20%. so some of the country's brightest economists did the math and found that romney's tax plan promises to cut taxes by $5 trillion without adding to the deficit. but when mitt romney took to the stage last night, he delivered a line that beggared belief. >> no economist can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> so black is white, up is down, and everything is the way he says it is in the world of mitt romney. like yago, mitt romney delivered those lines in the presence of a black man, but on this occasion the president would not be deceived. he allowed mr. romney to rehearse the full extent of his lie and then just a few hours ago drew our attention to what really happened last night. >> the real mitt romney has been running around the country for the last year promising $5 trillion in tax cuts in favor of the wealthy. the fellow on stage last night said he didn't know anything about that. >> mr. romney is quite rightly b
romney's tax plan. for months he's been telling us that he'll cut everyone's taxes by 20%. so some of the country's brightest economists did the math and found that romney's tax plan promises to cut taxes by $5 trillion without adding to the deficit. but when mitt romney took to the stage last night, he delivered a line that beggared belief. >> no economist can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. >> so black is white,...